HousingWireHousingWire Intercontinental Exchange Inc. will spend at least $173 million to locate the headquarters of its mortgage technology division in Jacksonville, Florida. The company and Jacksonville economic development officials announced the expansion on Tuesday. It was confirmed by the City of Jacksonville on LinkedIn the same day. The post explained…
Continue reading →HousingWireHousingWire It’s not a commonly used phrase, but “cottage courts” could be an increasingly common reality in a country that continues to need novel solutions to address severe housing shortfalls. Some organizations and local officials see them as a potential path forward for older Americans seeking to age in place….
Continue reading →HousingWireHousingWire The Consumer Financial Protection Bureau (CFPB) this week released a new report finding that mortgage companies often “create obstacles” for homeowners, leading to what it calls a “customer service doom loop” if a death or divorce impacts the original borrower of a mortgage loan. “Many homeowners report that their…
Continue reading →HousingWireHousingWire SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. “At this moment, we will no longer be…
Continue reading →HousingWireHousingWire Government-owned company Ginnie Mae, which oversees the secondary mortgage market and provides a guarantee for a large segment of home loans, released a fiscal year 2024 financial report this week that shows positive results. “During FY24, Ginnie Mae’s mortgage-backed securities (MBS) program supported 1.2 million households nationwide — including…
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